Micro-Mechanics - DBS Research 2022-10-31: Near-Term Weakness To Persist

• Refer to Micro Mechanics's earnings announcement dated 28 Oct 2022:

1QFY23 revenue saw slowing growth, below expectations.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• In 1QFY23, the Singapore and Philippine markets saw positive revenue growth q-o-q at +4% and +31%, respectively, although both markets made smaller revenue contributions, aggregating at 21%, versus China/US contributing 27%/24% to revenue, respectively.
• Overall, 1QFY23 saw moderating growth of -8% q-o-q and -1% y-o-y, highlighting slowing conditions in the global semiconductor industry. Although, 1QFY23 capacity utilisation rates remained stable and healthy at 61% (4QFY22: 60%, 1QFY22: 61%).

Margins continue to see pressure, the worst is potentially not over.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2023-05-02 Micro-Mechanics - Further Broad-Based Slowdown Ahead.

Previous report by DBS:
2023-01-31 Micro-Mechanics - Further Downside Amid Industry Slowdown.

Price targets by other brokers at Micro Mechanics Target Prices.

Listing of research reports at Micro Mechanics Analyst Reports.

Relevant links:
Micro Mechanics Share Price History,
Micro Mechanics Announcements,
Micro Mechanics Dividend Payout Dates & Corporate Actions,
Micro Mechanics News